Trading Cryptocurrencies with the help of Technical Analysis can be very powerful and rewarding. History shows that if you cut your losses short and let your winners run, you'll make fortune from trading, and Technical Analysis helps you do just that. It allow you to Identify market direction, Trend and Stop Loss.

Bitcoin (BTC) Price Predictions / Bitcoin (BTC) Forecast

After

Price

Change

1 day

$6,361.0318

0.99%

1 week

$6,320.6691

0.35%

1 month

$6,352.8173

0.86%

6 months

$6,917.0550

9.82%

1 year

$9,388.8958

49.06%

5 years

$23,708.2639

276.40%

We've applied Technical Analysis to the price of Bitcoin (BTC/USD) for today and predict where price is headed.

The Relative Strength Index (RSI) is an important indicator for measuring the speed and variation of price movements. Its value ranges from zero and 100. The value around 30 and below is considered an oversold region and over 70 as oversold regions. Relative Strength Index is indicating Neutral action, with value at 39.1.

The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis to measure an instrument's deviation from its statistical average. Commodity Channel Index is showing Neutral signal, with value at -101.7.

The Stochastic Oscillator is a range bound momentum oscillator. Stochastic oscillator is showing Neutral signal, with value at 12.2.

30 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 6699. 200 days Simple Moving Average is indicating Sell action with value at 7677.6, Bitcoin is trading below it at $6298.65. 100 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 7044.4.

9 days Ichimoku Cloud Base Line is indicating Neutral action with value at 6774.4, Bitcoin is trading below it at $6298.65. 20 days Exponential Moving Average is at 6643.8, showing Sell signal, Bitcoin is trading below it at $6298.65. 10 days Simple Moving Average is at 6656.9, showing Sell signal, Bitcoin is trading below it at $6298.65.

30 days Simple Moving Average is at 6634.7, showing Sell signal, Bitcoin is trading below it at $6298.65. 50 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 6917.4. 9 days Hull Moving Average is at 6094.4, showing Buy signal, Bitcoin is trading below it at $6298.65.

100 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 6818.5. 20 days Volume Weighted Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 6810.7. 20 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 6772.8.

200 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 7469.5. 50 days Exponential Moving Average is indicating Sell action with value at 6781.2, Bitcoin is trading below it at $6298.65. 10 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6298.65, below MAs value of 6519.4.

Vivek is a computer engineer by education and a cryptocurrency & blockchain enthusiast by profession. He has been into cryptocurrency space since 2014 and has worked with various online media sites like Newsient, Technostalls, etc. in the past. Vivek believes that since the crypto industry is at a nascent stage, speculations and rumours are on the rise. He, therefore, envisions to cater the right news in the right form to help the audience separate wheat from the chaff. Vivek is also an active speaker at various tech and blockchain events and has been featured in the mainstream media such as Times of India, Hindustan Times, The Hindu Business Line, etc.

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